That is something the DUmmies think about when they want to go back to the 90% tax rate of the 1950's. Everyone paid some taxes if they worked and had income. Even people making as little as $1000/year paid income taxes.
And nobody, but nobody--not even that rich old fart Joseph Kennedy--paid anything like 90% in income taxes.....in fact, because of loopholes, the rich actually paid a lower percentage than the poor.
Marjorie Merriweather Post, for example, with
millions in income each year during the late 1950s, early 1960s, paid.....zero in taxes. Not a cent.
That "90%" rate was a joke. It was there, but
nobody had to pay it.